Jeffrey P. Snider | TalkMarkets | Page 62
Chief Investment Strategist
Contributor's Links: Eurodollar University
Jeff is an Investment Strategist and currently runs Eurodollar University. Formerly the Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheaded the investment research efforts while providing close contact to Alhambras client base. Jeff joined Atlantic Capital ...more

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The Fingerprints Of Bumbling (China)
What you cannot help but observe from the central bank is an obvious position of weakness. The PBOC’s balance sheet does not grow. Period.
China’s Superplan; Or, The Familiar (Dollar) Disorder Of Bumbling Failure
It all points back to the Big Truth. This is the eurodollar’s world. We are all just trying to live in it. All of us. Everyone – including the Chinese.
Collateral Reserves: What Is Behind Record Low And Negative Yields
For as much as every central banker dismisses liquidity risks because of QE and bank reserves, none of them, not a single one, says anything about repo and collateral reserves.
That Can’t Be Good: China Unveils Another ‘Market Reform’
The Chinese have been reforming their monetary and credit system for decades. Liberalization has been an overriding goal.
Denying The Curve? Show Your Work
Economists don’t understand bonds. But they know just enough of them to understand that they had better change the subject.
No Shock, A Bigger Theatrical Budget
All the ECB is doing is pretty much guaranteeing Europe will become Japan. About the only thing in danger of being overshot is how Europe is being set up to be more Japan than Japan.
TIC: The Calm (June) Before The Storm (August)
As far as recent times may be concerned, June 2019 wasn’t that bad of a month. Compared to some this year, it was downright uninteresting.
US Industrial Downturn: What If Oil And Inventory Join It?
Revised estimates from the Federal Reserve are beginning to suggest another area for concern in the US economy.
Some Brief European Leftovers
Some further odds and ends of European data. Beginning with Continent-wide Industrial Production.
Europe’s Further Confirmation(s)
What we find throughout Europe’s economic accounts is that though the vast majority of the public is just now waking up to the danger, it’s been increasingly in danger for a year and a half already.
Why Go After Hong Kong?
The dollar isn’t just China’s problem, nor is it really America’s. It is everyone’s problem – which is why there are problems everywhere – and it’s the one thing nobody seems to recognize as behind all of it.
Why You Should Care That Argentina More And More Looks Like Argentina
Reserves and rescues, we are left instead to ponder and appreciate the lessons of September 1992.
The Path Clear For More Rate Cuts, If You Like That Sort Of Thing
If you like rate cuts and think they are powerful tools to help manage a soft patch, then there was good news in two international oil reports over the last week.
Why You Should Care Germany More And More Looks Like 2009
What if Germany’s economy falls into recession? Unlike, say, Argentina, you can’t so easily dismiss German struggles as an exclusive product of German factors.
China Repo: Vulnerability Or Bottleneck, Risk Aversion And Collateral
By being increasingly crowding out, what’s left for the rest of China’s banking system? Repo with questionable collateral at whatever terms anyone might be able to achieve.
All You Really Needed Was The Yield Curve
If the world hadn’t been fooled into blindly following central bankers, all anyone would’ve needed this whole time to perfectly understand the situation was Treasury rates and the yield curve.
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